Deyaar Development Company

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Recent Articles

• UAE property firms' Q2's seen hit by lower sales12 July 2009

  Emaar Properties forecast to buck overall trend, however, says Shuaa Capital.

• Dubai's Deyaar expects 'high single digit' default rate8 July 2009

  CEO indicates easy payment plans may not always be available for customers.

• Dubai developer Deyaar appoints new chairman2 July 2009

  Abdulla Al Hamli replaces Nasser Al Shaikh who resigned last month.

• Dubai's Deyaar eyes overseas expansion to diversify21 June 2009

  CEO of real estate firm says it is looking at opportunities in six to seven countries.

• Deyaar Properties chairman resigns21 June 2009

  The Dubai-based property developer gives no reason for the resignation of Nasser Al Shaikh.

• Dubai real estate to bottom out in H2 - Deyaar CEO16 May 2009

  EXCLUSIVE: CEO also tells Arabian Business company is mulling MENA property fund.

• Deyaar looks to expand into five countries - ME, Africa16 May 2009

  Dubai-based developer wants to tap cheaper valuations, deals due in next few months.

• Dubai sees largest one day rise since March 24 29 April 2009

  UPDATE 7: UAE property stocks resurgent, du adds 5% after releasing healthy Q1 profits .

• Deyaar reports 73% decline in Q1 net profit26 April 2009

  Dubai-based real estate player posts $128m Q1 revenues, in line with co's forecasts.

• Deyaar CEO expects "substantial" Q1 profits - paper24 April 2009

  Dubai-based developer to continue with its international expansion plans.

• Gulf stocks tumble, unsettled by Saudi SABIC loss21 April 2009

  UPDATE 4: Saudi's TASI ends 3.1% down at 5,056 points on Tuesday as SABIC plunges 9.9% on Q1 loss.

• Saudi construction to contract by 0.7% this year - report4 April 2009

  Business Monitor International predicts positive growth will not return until 2013.

• Deyaar chief sees 50% price fall in some areas11 March 2009

  Real estate firm's CEO rules out going to the debt market to fund new projects.

• Deyaar open to merger and gov't funding - CEO11 March 2009

  Dubai-based property developer will consider merger, but not in talks at present.

• Poll shows 50% will never buy property in the Gulf10 March 2009

  A quarter of responders believe property prices will not hit rock bottom until 2010.

• Deyaar to work with banks to ease lending on homes4 February 2009

  Developer also says prices in some projects have fallen due to drop in construction costs.

• Dubai’s Deyaar eyes assets in Turkey, India22 January 2009

  Real estate major sets up division to acquire distressed assets beyond UAE.

• Deyaar puts all unsold projects on hold21 January 2009

  UPDATE 1: But Dubai developer eyes big increase in 2008 income - chief executive.

• Most Gulf bourses end lower; Emaar plunges over 9%21 January 2009

  UPDATE 7: Property giant’s stock dips after HSBC cut developer's price target.

• Former Dubai Islamic Bank head arrested 17 October 2008

  Deyaar corruption probe continues with arrest of Saad Abdul Razak.

• Deyaar CEO refuses to comment on merger report6 October 2008

  Property firm chief says speculation over $4.3bn merger 'not good for the market'.

• Deyaar to issue $1.3bn sukuk for expansion plan10 September 2008

  EXCLUSIVE: Developer to tap debt markets to fund aggressive move into new growth areas.

• Oman bourse biggest loser on eve of holy month31 August 2008

  Oman ends day two percent down as foreign institutions dominate trading.

• Deyaar backs Dubai corruption crackdown18 August 2008

  Chairman of developer, whose former CEO resigned amid fraud probe, pledges support.

• Dubai's zero tolerance pledge on corruption17 August 2008

  UPDATE 1: Emirate's public prosecutor promises strict and prompt action against offenders.